DEPB scrip transferability confirmed: restriction on single transfer removed, transfers freely permitted under Exim Policy. Paragraph 7 of the Standing Order annexed to Circular No. 14/99-Cus., which limited a DEPB scrip transfer to a single transfer from the original allottee to the importer, is deleted. The Department, after consultation with DGFT and reference to Exim Policy and customs notifications, determined that DEPB scrips are freely transferable and that the remaining provisions of the Standing Order and Circular continue to apply.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
DEPB scrip transferability confirmed: restriction on single transfer removed, transfers freely permitted under Exim Policy.
Paragraph 7 of the Standing Order annexed to Circular No. 14/99-Cus., which limited a DEPB scrip transfer to a single transfer from the original allottee to the importer, is deleted. The Department, after consultation with DGFT and reference to Exim Policy and customs notifications, determined that DEPB scrips are freely transferable and that the remaining provisions of the Standing Order and Circular continue to apply.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
